New Coin Grading Services At Ebay Warning-PCG/MGC

Some collectors will never learn. I try my best to inform all collectors that just because a coin is in a holder and graded, doesn’t mean the coin will be the graded listed on the holder. Don’t be a fool for this trick. Pictures can be manipulated with lighting, angles and photo editor software, and you can’t know the exact grade of a coin via pictures.

Precision Coin Grading

This coin picture is obviously angled so the coin cheek appears smooth, but I would bet my paycheck this coin does not grade MS68. However, a collector bought this coin for $468.84, thinking they where getting a great deal on a rare grade coin. They are in for an unpleasant surprise when this coin arrives. If you need help grading coins look no further than our grade comparison charts.

MGC

I don’t know what MGC stands for, but I do know how difficult and rare it is to find a 1968-s PR70 Deep Cameo Lincoln Cent, and this coin does not meet this criteria.

A buyer can’t afford to take a chance at maybe getting a rare grade coin for a lower premuim. Coin collecting is not a lottery, and it’s not only prudent, but wise to carefully and patiently purchase coins for your collection.

5 Comments

aucoinco888

December 24, 2009

re precision Coin Grading, i have contacted them on several occasions to get coins graded and all they will tell me is that they are located in Perth Western Australia but have failed to give e their postal address after 4 emails.. sounds dodgy eh! i feel they have created their own grading company to deceive people and sell coins on eBay for higher prices…prove me wrong! Buyer beware!

kerberos2015

December 27, 2009

Dear Daniel,

Well , if it’s too good to be true it probably is .Your site saved me from bidding 850 USD on a 1884-S Morgan from precision coin grading service on ebay.

If you want to complain write to the ACCC here in Australia by email. Scams get punished severely here i.e. deceptive and misleading advertising it comes under s.42 of the Federal Trade Practices Act( 1974).

The problem is that on the Precision Grading Service site is writes all information and grading is “subjective”. So it may be a case of buyer be ware .

I live in Sydney,NSW and have moved here from Los Angeles . I am thinking about getting into US Morgans , St.Gaudens Gold for investment only .

So just looking for high quality undervalued coins from PCGS .The US Grading system confuses me because I’m used to the Australian/British system .

Any advice on buying PCGS from eBay or Heritage Auctions ?

Thanks . I’ll be reading your site often , maybe contribute too as I become more knowledgeable .

I’m glad to help, and thanks for letting me know. It’s difficult and nearly impossible to procecute on the basis of subjective matter. Although, I think it will happen in the future.

If you visit my website coinauctionshelp.com I have a list of grading acronyms with their numeric counterpart. I also have photograde charts for Morgans and many other US coins, so you can look at the photo and compare it to the grade.

I sale on ebay under the user id coinauctionshelp and I sometimes sale Morgans. I guarantee the coins I sale. Thanks for your comment and hope you will join our forum. You can post ebay auction links there and ask for advice. We have many helpful members.

Daniel

collectorguy

February 2, 2010

I have purchased coins graded by precision coin grading before I saw this website.
I must say that the coin in the ebay photo looks like the coin I received so I cann’t say that the photos are deceptive.
In terms of the grade given to the coins, on comparison with your photo guide I reckon they might be a grade lower or so but they are very nice coins with full chest feathers.
I know PCGS is the ultimate grader but I don’t want to pay thousands of dollars for a coin.
This whole coin collecting game is interesting to pursue.

Coin Master

February 21, 2010

Nice Try collectorguy, BUYERS BEWARE this guy is actually the same person that runs and sells the morgan dollars from that so called company, a very poor attempt at passing these coins as the grades they do off this ebayer
(MICXED-DOLLARS) & (PRECIOUS-SILVER-CO) originally precious-silver-co then started micxed-dollars to prevent possible feedback damage cause by this poor attempt of a scam that they are doing and apparently getting away with and people still come back for more and are totally happy, idiots, whoever buys off these twits and is actually happy with the purchase is a total nut case and deserves to get ripped off.
Ive spent some time in Oz and know of a couple of gents that have purchased off this clown.
Heres a question, Who in their right mind would think about selling a $40,000 MS 68 Morgan dollar for $100? unless it was BS right? NOBODY.
Its just a matter of time until this mob gets a knock at the door by the FEDs.
We have the same Fools playing the same game here in the US, they all eventually get caught.
He as also attempted to cover some tracks on Wikianswers that I have replied to http://wiki.answers.com/Q/Discuss:Is_precision_coin_grading_reliable_company